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Clearview gets growth funding

Group announced $80 mil placement

Clearview Cinema Group announced Thursday that it will complete a private debt placement of $80 million today.

The Chatham, N.J.-based consolidator and operator of movie houses reported two months ago that it had retained Lehman Brothers to help finance its rapid growth.

Clearview ended 1997 with 148 screens in 31 theaters, all in the tri-state area, after starting with eight screens in four theaters in December 1994. Additions this year, including a neighborhood five-plex in Brooklyn that marks the company’s New York City debut, have expanded the circuit to 169 screens in 37 theaters.

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